Mexico's Tequila Crisis

In January 1995 Mexico's economy went into melt-down following the sudden devaluation of its currency, the peso. The government was forced to seek a multi-billion dollar bailout from the US and the IMF. Witness hears from Luis de la Calle, a top Mexican official who helped negotiate the package.

(Photo: American and Mexican officials sign a US$20 billion rescue package for the Mexican economy at a ceremony at the US Treasury in Washington. Credit: Pam Price/AFP/Getty Images)